Expenditure incurred after commencement on ‘creation’ of goodwill, or expenditure of a type not qualifying for capital allowances incurred on ‘creating’ an asset?

Yes

Business carried on (goodwill) or other asset held by company pre-1 April 2002? CIRD11680/11685

No

Pre-FA2002 asset

Yes

Another type of expenditure incurred after commencement on ‘creation’ of an asset? CIRD11600

No

Asset within new rules

Note a. See flowchart (C) on when expenditure incurred If expenditure on creation also incurred before commencement treat blocks of expenditure as separate assets